Currently Deadline is reporting that Disney is eyeing a release date in 2016, so nothing is set, but it's worth noting that there's already a lot of competition for a summer that's three years away. Marvel currently has two untitled movies scheduled (one on May 6, the other on July 8), 'The Amazing Spider-Man 3' has been set for June 10, with 'How to Train Your Dragon 3' coming the next week on June 17 -- the same day as a currently untitled Pixar film is set to be released. On top of which, the 'Angry Birds' movie is scheduled to hit July 1. Going by this, Disney is going to probably want to release the film for Memorial day. But, as we've seen, these dates are tentative, and this would then be (between Marvel and Pixar) their fourth tentpole release of that summer.

Deadline also notes that there's nothing wrong with the project, but that star Johnny Depp is going to be busy with 'Into the Woods' and 'Alice in Wonderland 2,' while they note the script is still in the outline stage. Taking a little more time can't hurt, so this isn't bad news.